AI Crypto Tokenization P2P – Today’s Credit Card Buzz Words

AI crypto tokenization P2P reign among today’s credit card buzz words which also includes prepaid, bitcoin, EMV, and GDV. The global artificial intelligence (AI) as a service market size is expected to reach US$77 billion by 2025, according to PYRPTS. When it comes tokenization there is a migration by the payment networks for card-on-file tokenization. Japan is doing away with the definition of “virtual currency” and replacing it with the broader term “cryptographic assets” for regulatory purposes.

Meanwhile, LocalBitcoins is gaining traction in Asia as Coinnest and Bithumb stumble as peer-to-peer (P2P) bitcoin exchanges. The U.S. deployment of EMV has been a crushing blow to counterfeit payment cards. U.S. credit card GDV (gross dollar volume) for Visa [V], Mastercard [MA], American Express [AXP], and Discover [DFS] in the first-quarter 2019, declined to a 7.0% year-on-year (YOY) gain, compared to 9.8% one-year ago, a 9.4% YOY gain in 1Q/17 and an 8.6% jump in 1Q/16.

Author: Robert McKinley

Robert McKinley, with 34 years experience covering payment cards and payment systems, is pro bono Senior Analyst and Editor-in-Chief for CardFlash. He is the retired founder of RAM Research, CardWeb and CardTrak. McKinley served as an expert witness in 100+ litigations including two multi-$billion trials, testified before the U.S. Congress, chaired multiple payments conferences, hired as consultant by Fortune 100 companies and several overseas financial institutions. Mr. McKinley does not hold investments in any companies discussed herein. Full Bio: www.rbm4.com